Brokerages Set Newell Brands Inc. (NASDAQ:NWL) Price Target at $10.81

Shares of Newell Brands Inc. (NASDAQ:NWL - Get Free Report) have been assigned an average rating of "Hold" from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $10.81.

NWL has been the topic of a number of recent research reports. Canaccord Genuity Group decreased their target price on Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Monday, February 10th. UBS Group lifted their price target on Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Wells Fargo & Company reduced their price objective on shares of Newell Brands from $11.00 to $9.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Barclays raised their target price on shares of Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Finally, Royal Bank of Canada reduced their price target on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating for the company in a research report on Monday, February 10th.

Newell Brands Price Performance

NASDAQ:NWL traded down $0.09 during mid-day trading on Tuesday, reaching $6.46. 4,647,811 shares of the stock were exchanged, compared to its average volume of 6,129,637. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The business has a fifty day moving average price of $8.06 and a 200 day moving average price of $8.53. Newell Brands has a 1-year low of $5.39 and a 1-year high of $11.78. The firm has a market capitalization of $2.69 billion, a PE ratio of -12.41, a PEG ratio of 0.95 and a beta of 0.88.

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Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same period in the prior year, the company posted $0.22 EPS. Research analysts expect that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands's dividend payout ratio (DPR) is presently -53.85%.

Institutional Trading of Newell Brands

A number of institutional investors have recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Newell Brands during the 4th quarter valued at about $33,000. Harvest Fund Management Co. Ltd bought a new position in Newell Brands during the fourth quarter valued at approximately $46,000. Claro Advisors LLC acquired a new stake in Newell Brands in the third quarter valued at approximately $79,000. Smartleaf Asset Management LLC grew its position in Newell Brands by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after acquiring an additional 4,617 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Newell Brands by 24.8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock worth $83,000 after purchasing an additional 1,666 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.